{r RTO N .... St Peter Inslitu [e... o:2?2i8 | CRICOS No:03167G ASSESSMENT 2 - ASSESSMENT INFORMATION This information is to be handed to each student to outline fhe assesstnen, rcquirements For this assessment, students are to prepare a tax return for the year ending 30 June 2O14 for an organization of your choice. (lnformation can be gathered online by researching the websites). Students must: . Collect data as indicated and determine relevance . Liaison with instructors who will role play the part of relevant stake holders to determine requirements for tax return lodgments & determine deadlines . Complete a tax return for period ending 30 June 2014 . Submit the lodgments to your instructor for authorization within deadlines . Students should undertake a review of the taxation preparation procedures of the organization XXX in consultation with their instructor to determine the strengths and weaknesses of the preparation and make relevant recommendations lnstructors on assessment will provide students with feedback and role-play the part of the ATO to make appropriate enquiries to the student. The student must meet these enquiries and requirements. Students must utilise appropriate spreadsheet I organisational accounting software in undertaking tfris task. Angel United Group Pty Ltd T/A St Peter Institute Irviathan Building l-nvet2,271-281Bourke Street, Melbourne MC 3000, Auskalia Web: www.soi.vic.edu.au I Emil: [email protected] I Phone: +61 3 90'17 8276 FNSACC60 I Student Assessmont Version 4.0 June 2016 Page 9 of23 {r RTO N .... St Peter Inslitu [e... o:2?2i8 | CRICOS No:03167G ASSESSMENT 2 - ASSESSMENT INFORMATION This information is to be handed to each student to outline fhe assesstnen, rcquirements For this assessment, students are to prepare a tax return for the year ending 30 June 2O14 for an organization of your choice. (lnformation can be gathered online by researching the websites). Students must: . Collect data as indicated and determine relevance . Liaison with instructors who will role play the part of relevant stake holders to determine requirements for tax return lodgments & determine deadlines . Complete a tax return for period ending 30 June 2014 . Submit the lodgments to your instructor for authorization within deadlines . Students should undertake a review of the taxation preparation procedures of the organization XXX in consultation with their instructor to determine the strengths and weaknesses of the preparation and make relevant recommendations lnstructors on assessment will provide students with feedback and role-play the part of the ATO to make appropriate enquiries to the student. The student must meet these enquiries and requirements. Students must utilise appropriate spreadsheet I organisational accounting software in undertaking tfris task. Angel United Group Pty Ltd T/A St Peter Institute Irviathan Building l-nvet2,271-281Bourke Street, Melbourne MC 3000, Auskalia Web: www.soi.vic.edu.au I Emil: [email protected] I Phone: +61 3 90'17 8276 FNSACC60 I Student Assessmont Version 4.0 June 2016 Page 9 of23 $r'i=tt--,it3: RiO ruo, 2221 B I CRICOS No: 031 67G ASSESSMENT 1 - STUDENT INFORMATION This information is to be handed to each student to antline the assessnent reguirements. lnstructions for Students: Whilst researching and writing your project it is important to: . Read the Assessment description carefully. . Assessment should be in a Word format. . Assemble and analpe a set of sources that you have determined are relevant to the issues you are investigating. . Acknowledge clearly when and how you are drawing on the ideas or phrases of others; r Consult your instructors when you are unsure about how to acknowledge the contributions of others to your thought and writing. . Read the Plagiarism policy and procedure carefully to understand the consequences that you could face if your work is plagiarized. . Student can seek clarification regarding the assessment required to be done. r Students can ask for reasonable time from Assessor for preparation of project or Assessment. r Students can seek information on additional reading material and reference for completion of the assessments. o Students with special needs can seek assistance from Assessors depending upon the nature of the need. o Submit this document Angel United Group Pty Ltd T/A St Peter Institute Irviathan Building L.evel2,27l-281 Bourke Street, Melbou-ae VIC 3000, Australia Web: www-soi.vic.eduau I Email: info@$ti.vic.eduau I Phore: +61 3 9077 8215 FNSACC60 I Student Assessment Version 4.0 June 2016 Page 8 of23 ..... Sf Pefer r7 InsIitu [e.... RTO No:22218 | CRICOS No:03167G Assessment - 1 For this assessment, students are to review the information included in Appendices to undertake the following: Students must identify the requirements for tax for JJ Holmes lnc (Appendices 1 & 2) - both state and federal, including determining and stating: o What taxes are required based on the information provided o What taxation periods are necessary / recommended Students should create and submit a report stating the above as well as detailing a speeific lodgement schedule for JJ Holmes lnc. Once the schedule is created students are to analyse the data in Appendix 1 to determine what components are relevant to tax requirements. Once this is done, students should calculate the amount of tax owing based on their assessment of the company and the data provided. Students must ensure: o Datia is processed in accordance with recognised taxation formats . Calculate exactly what returns and lodgenrents are required to be prepaid in accordance with the ATO and add this information to your lodgement schedule . Taxes should include: - GST - PayrollTax - Land Tax - Fringe Benefit Tax - Any other relevant amounts owing End of year tax return should also be completed. Students should determine assessable and nonassessable items as well as determine any deductions relevant for the business. This assignment should be submitted for assessment in the form of the relevant trodgements and returns for assessment as well as the lodgement schedule & any other relevant information. Angel United Group Pty Ltd T/A St Peter lrstitute Irviathan Building, 1,eve12,271-28l Bourke Streeg Melborirne YIC 3000, Au.$ralia Web: www.si.vic.edu.au I Email: [email protected] I Pbne: +61 3 90f7 8276 FNSACC601 Student Asscssment Version 4.0 June 2016 PageT of23